$790,000
Est. $4,015/mo2 bd•1,298 sq ft
5119 38th Ave. Nw, Gig Harbor, WA 98335
• Listed 2026-04-19•50 days on market
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Based on information submitted to the MLS GRID as of June 1, 2026 at 08:12am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Rare opportunity to own two contiguous parcels totaling 3.25 acres in a prime, close-in location within the city limits of Gig Harbor, WA. This mostly level acreage offers exceptional flexibility—build your custom dream home, create a private estate, or explore investment potential in an area where larger parcels are increasingly hard to find. Included is a nostalgic 1935 vintage home, offering 2 bedrooms and 1 bath, and brimming with potential. Restore its classic charm, use it as a temporary residence while you build, or reimagine the space entirely. The contiguous parcel expands your vision, providing room for gardens, outdoor living, or future possibilities. Ideally located just minutes from historic downtown Gig Harbor and its vibrant waterfront, this property places you near scenic parks, top-rated schools, charming restaurants, and everyday conveniences. Enjoy the perfect balance of peaceful surroundings and easy accessibility. Commuters will appreciate the quick drive to Hwy 16 and nearby shopping, including Costco and Target. Held in the same family for decades, this property is rich with history and ready for its next chapter. Opportunities like this—combining acreage, location, and legacy—are increasingly rare in one of the Pacific Northwest’s most beloved waterfront communities.
Listed by Randy Knapp • Paramount Real Estate Group
Listing updated: June 1, 2026 at 08:12am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2509363
Open houses
No upcoming open houses scheduled for this property.
$775,000
-$15,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $525K and $645K.
Rental earnings
$2,325/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$630,000Last sold price
5920 38th Ave Nw, Gig Harbor, WA 98335
$645,000Last sold price
3805 60th Street Ct Nw, Gig Harbor, WA 98335
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
5119 38th Ave. Nw, Gig Harbor, WA 98335
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$4,805 per month
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Peninsula School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Gig Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$589,000 Sold
2 months ago
3 bd•~1,636 sq ft•Single Family
5811 Wollochet Drive Nw, Gig Harbor, WA 98335
7%
Under list
—
Days on market
0.9 mi
Distance
$935,000 Sold
2 months ago
4 bd•2 ba•~2,655 sq ft•Single Family
5602 Makovich Place Nw, Gig Harbor, WA 98335
3%
Under list
—
Days on market
0.8 mi
Distance
$698,500 Sold
3 months ago
3 bd•2.5 ba•~1,919 sq ft•Single Family
5718 41st Avenue Ct Nw, Gig Harbor, WA 98335
2%
Under list
—
Days on market
0.5 mi
Distance
$900,000 Sold
3 months ago
4 bd•2.5 ba•~2,899 sq ft•Single Family
3509 Fox Court, Gig Harbor, WA 98335
3%
Under list
—
Days on market
0.4 mi
Distance
$790,000 Sold
3 months ago
3 bd•1.5 ba•~1,810 sq ft•Single Family
4918 Murphy Drive Nw, Gig Harbor, WA 98335
1%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
